At present, China's third-party mobile payment market is an oligopoly, with Alipay and Tenpay accounting for more Taiwan Phone Number List than 93% of the industry scale. This phenomenon has become stable in C-side payment, and it may be difficult to change before the next payment revolution. However, from the B side, that is, industrial Taiwan Phone Number List payment, the competition pattern has not formed a complete pattern (we will focus on it in the third part). In the field of Internet finance, how do classic payment products work? The third-party payment industry mainly includes regulatory authorities, commercial banks, consumers, commercial users and infrastructure providers.
As the core position of the industry chain, the first threshold for third-party payment is the payment license of the Taiwan Phone Number List regulatory agency. In the field of Internet finance, how do classic payment products work? Sources of income can be divided into intangible income and tangible income. Fixed costs: platform costs (technical services, databases, etc.) and management and administrative costs; Variable costs: channel usage Taiwan Phone Number List fees for commercial banks (can also become handling fees), promotion costs (accounting for the vast majority in the initial stage of C-side business). 2. Research on main products .
WeChat Pay WeChat Pay is actually an innovative mobile payment product jointly launched by WeChat and Tenpay. Tenpay is a third-party payment platform with an Internet payment license and a complete security system. As of the Taiwan Phone Number List end of 2019, the number of monthly active users of WeChat reached 1.151 billion, satisfying different payment scenarios of users and merchants; at present, WeChat payment has realized card payment, scan Taiwan Phone Number List code payment, official account payment, APP payment, and provides corporate red envelopes and vouchers , instant discounts and other new marketing tools.